Chart of the Day: Here's proof of a very disappointing property auction results
Take a look at these dismal numbers.
According to Knight Frank, amid the property cooling measures and TDSR, the total number of properties sold in each quarter continued on a downward trajectory, with only 4 industrial properties sold in 4Q 2013.
The strata-titled industrial segment dominated the market in the last quarter.
Here's more from Knight Frank:
Similar to previous quarters, residential properties in 4Q 2013 form the majority of properties put up for auction at 52.3 per cent; while Shop and Shophouses; and Industrial properties form the rest of the bulk at 22.5 per cent and 17.1 per cent respectively.
While Offices and HDB properties form the remaining portion at 3.6 per cent and 4.5 per cent respectively.